The cheapest way to spend (Credit Cards in general)

Member Name: stokx

Product:	Credit Cards in general
Date:	02/01/09 (23 review reads)
Rating:

Advantages: Get payed for building your own credit rating!

Disadvantages: Some sneaky terms and conditions.

Credit cards are the best way to build a credit score, so just by putting a couple of pounds a month on a card when your 18 you can shave a percent of your mortgage later, potentially saving thousands of pounds.
Credit also has short term advantages as it allows you to keep your money earning interest for as long as possible; most cards offer a months interest free on purchases and some offer up to a year interest free when you first sign up.
Different issuers offer different incentives ranging from free identity theft insurance for all your cards when you open an account with capital one to money of flights with Lloyds air miles duo account.
Some credit cards even give you a discount on everything you buy, applied as a cash back at the end of the year.
Another advantage of credit is the added protection you get under section 75 of the consumer credit act which makes the card issuer jointly and severally liable with a retailer for most purchases worth over £100.
Credit cards are also useful for budgeting because they allow you to have all expenses charged at the same time each month - this also cuts out the need for keeping cash at a low rate in your current account.

Summary: The only responsible thing to do is build a mountain of debt!